Previously, The Sunday Times from London reported that Research In Motion is considering the split of its business. The report went so far as to suggest RIM would sell its hardware division, which makes up nearly 79% of its revenue. Now, The Globe & Mail is hearing from their sources close to RIM that they “dismissed the news as ‘a silly fantasy,’ and ‘one of the most ridiculous ideas I have heard in a while.'”
Additionally, the report states RIM execs tell them, “…top managers do not currently take the idea seriously, and one said that “splitting the two would accomplish nothing.” According to one of these people, RIM’s current CEO Thorsten Heins remains committed to the idea of RIM as an integrated company and RIM co-founder and vice-chairman Mike Lazaridis doesn’t believe the idea of breaking apart the company would work either.”
RIM is losing money in the hardware business, but do you think they should try to get out of it? One likely scenario is RIM may look to license more manufacturing partners, since one of them recently announced it was ending relations.